A resident citizen would not be entitled to receive any additional remittances after the amount of $2,50,000 is reached during a financial year
The valuation gain, reflecting the depreciation of the US dollar against major currencies, amounted to $11.9 billion during 2020-21
After declining in the previous week, the gold reserves rose by $496 million to $38.101 billion in the reporting week, according to the data
Economists, however, warn that high foreign exchange build up may not always be an unmixed blessing for the economy
While announcing the second bi-monthly monetary policy review, RBI Governor Shaktikanta Das said the country's forex reserves may have crossed $600 bi
India's foreign exchange reserves touched a record high of $592.894 billion for the week ended May 21, boosted by gold and currency assets
Foreign currency assets, a major component of the overall reserves, swelled by $1.649 billion to $548.519 billion for the reporting week, the RBI said
Foreign currency assets, a major component of the overall reserves, increased to $536.693 billion as at March-end 2021 from $502.162 billion, the repo
In the week ended April 16, 2021, the increase in reserves was mainly due to a rise in foreign currency assets (FCAs), a major component of the overal
In the previous week ended April 2, the reserves had dipped by $2.42 billion to $576.28 billion